Estimates of the value of certain income and product flows that do not take measurable monetary form. In the national income and product accounts (NIPAs) for example, BEA imputes a rental value to owner-occupied housing and a value to services that banks and other depository institutions provide without charge.
Show the relationships between all the industries in the economy and all the commodities that these industries produce and use. The estimates of purchases of commodities are shown in producers' prices. The I-O accounts consist of the make table, use table, direct requirements table, and total requirements tables. The make and use table are prepared in two different ways. The first way uses the Standard Industrial Classification System (SIC) or the North American Industry Classification System (NAICS). The second way begins with the SIC or NAICS but includes adjustments (redefinitions and reclassifications) that move some secondary products from one industry to another to attain a common input structure for commodities produced by industries. The direct requirements table and total requirements tables are computed from the make and use tables with redefinition and reclassifications.
Estimate of output required to satisfy a given level of final use. There are three I-O output requirements, all of which correspond to the total requirements tables. The first shows the total commodity output required to deliver a dollar of a commodity to final uses. The second shows the total industry output required to deliver a dollar of a commodity to final uses. The third shows the total industry output required to deliver a dollar of an industry's output to final uses.
Includes rents and royalties received by government from private enterprises, including both monetary and imputed interest receipts.
Receipts and payments between U.S. affiliates and their foreign parents, and between U.S. parents and their foreign affiliates, for services provided to one another. They consist of royalties and license fees for the use or sale of intangible property or rights (including patents, trademarks, and copyrights) and of receipts and payments for other private services (such as service charges, rentals for tangible property, and film and television tape rentals).
A mathematical technique which is used at BEA to estimate the input-output (I-O) total requirement coefficients and RIMS II multipliers.
Income that is received by, or on behalf of, all persons who live in the local area. It is calculated as the sum of wage and salary disbursements, supplements to wages and salaries, proprietors' income with inventory valuation adjustment (IVA) and capital consumption adjustment (CCAdj), rental income of persons with CCAdj, personal dividend income, personal interest income, and personal current transfer receipts, less contributions for government social insurance. Estimates of local area personal income are presented by the place of residence of the income recipients. All estimates of local area personal income are in current dollars (not adjusted for inflation).
A table in the input-output (I-O) accounts. The make table shows the production of commodities by industries. It shows the value, in producers' prices, of each commodity produced by each industry. In each row, one "diagonal" cell shows the value of the production of the commodity for which the industry has been designated the primary producer. The entries in the other cells in the row show the values of the production of commodities for which the industry is a secondary producer. The entries in each column of the make table represent the production by both primary and secondary producers of the commodity in the column.
Data series, released by the U.S. Treasury, which summarizes the financial activities of the federal government and off-budget Federal entities in accordance with the Budget of the U.S. Government.